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Serbia's Gastrans invites binding bids for new gas link

Staff Writer | March 14, 2019
Serbia's Gastrans has invited binding bids to book capacity at a planned section of Gazprom's TurkStream pipeline, which will carry Russian natural gas across Serbia to Europe.
Europe   Firms that placed non-binding offers can place binding bids by March 18
Firms that placed non-binding offers in the market test of the project last year can place binding bids by March 18 for gas transit between Jan. 1, 2020, and Sept. 30, 2039, Gastrans said.

Gastrans is owned by Swiss-based South Stream Serbia, in which Russia's Gazprom holds a 51 percent stake and Serbia's gas monopoly Srbijagas the remainder.

The TurkStream project is designed to deliver gas to Europe via Turkey, Bulgaria, Serbia and Hungary as part of Russian plans to bypass Ukraine, currently a main transit route for its gas deliveries to Europe.

The planned 400-kilometre link through Serbia, which connects the country's natural gas transmission system to those of Bulgaria and Hungary, is expected to be completed by Dec. 15, with capacity of 13.88 billion cubic metres a year.

It is slated to begin commercial operation on Jan. 1, 2020.